Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
IBIT iShares Bitcoin Trust ETF | Cryptocurrency | 25% |
QQQ Invesco QQQ ETF | Large Cap Growth Equities | 25% |
SMH VanEck Semiconductor ETF | Semiconductors, Technology Equities | 25% |
STRC MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock | Technology | 25% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in TFSA Investments, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is never rebalanced.
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The earliest data available for this chart is Jul 30, 2025, corresponding to the inception date of STRC
Returns By Period
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -3.43% | -3.84% | -1.98% | 16.08% | 16.86% | 10.37% | 12.29% |
Portfolio TFSA Investments | -0.19% | -0.58% | -1.75% | -5.56% | — | — | — | — |
| Portfolio components: | ||||||||
QQQ Invesco QQQ ETF | 0.11% | -2.64% | -4.65% | -3.18% | 23.45% | 22.97% | 13.18% | 19.05% |
SMH VanEck Semiconductor ETF | 0.09% | 0.32% | 8.94% | 16.35% | 83.82% | 44.85% | 26.17% | 31.69% |
IBIT iShares Bitcoin Trust ETF | -1.73% | -1.89% | -23.52% | -44.79% | -23.15% | — | — | — |
STRC MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock | 0.00% | 0.96% | 4.12% | 6.75% | — | — | — | — |
Monthly Returns
Based on dividend-adjusted daily data since Jul 31, 2025, TFSA Investments's average daily return is +0.02%, while the average monthly return is +0.23%. At this rate, your investment would double in approximately 25.1 years.
Historically, 50% of months were positive and 50% were negative. The best month was Sep 2025 with a return of +5.8%, while the worst month was Nov 2025 at -5.4%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 2 months.
On a daily basis, TFSA Investments closed higher 55% of trading days. The best single day was Feb 6, 2026 with a return of +5.2%, while the worst single day was Feb 5, 2026 at -3.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.37% | -3.48% | -2.42% | 0.92% | -1.75% | ||||||||
| 2025 | -0.79% | -0.40% | 5.84% | 4.01% | -5.42% | 0.67% | 3.59% |
Benchmark Metrics
TFSA Investments has an annualized alpha of -3.25%, beta of 1.39, and R² of 0.70 versus S&P 500 Index. Calculated based on daily prices since July 31, 2025.
- This portfolio participated in 94.36% of S&P 500 Index downside but only 77.79% of its upside — more exposed to losses than it benefited from rallies.
- This portfolio had an annualized alpha of -3.25% versus S&P 500 Index — delivering less than market exposure alone would predict.
- Alpha
- -3.25%
- Beta
- 1.39
- R²
- 0.70
- Upside Capture
- 77.79%
- Downside Capture
- 94.36%
Expense Ratio
TFSA Investments has an expense ratio of 0.20%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Return / Risk — by metrics
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 59 | 1.04 | 1.62 | 1.23 | 1.93 | 7.00 |
SMH VanEck Semiconductor ETF | 94 | 2.28 | 2.89 | 1.41 | 5.34 | 18.94 |
IBIT iShares Bitcoin Trust ETF | 5 | -0.51 | -0.49 | 0.94 | -0.43 | -0.91 |
STRC MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock | — | — | — | — | — | — |
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Dividends
Dividend yield
TFSA Investments provided a 1.96% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.96% | 1.27% | 0.25% | 0.30% | 0.50% | 0.23% | 0.31% | 0.56% | 0.70% | 0.57% | 0.47% | 0.78% |
| Portfolio components: | ||||||||||||
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
SMH VanEck Semiconductor ETF | 0.28% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
STRC MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock | 7.07% | 4.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the TFSA Investments. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the TFSA Investments was 11.40%, occurring on Nov 20, 2025. Recovery took 38 trading sessions.
The current TFSA Investments drawdown is 7.34%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.4% | Oct 29, 2025 | 17 | Nov 20, 2025 | 38 | Jan 16, 2026 | 55 |
| -10.82% | Jan 29, 2026 | 42 | Mar 30, 2026 | — | — | — |
| -4.79% | Aug 14, 2025 | 6 | Aug 21, 2025 | 19 | Sep 18, 2025 | 25 |
| -4.15% | Oct 7, 2025 | 9 | Oct 17, 2025 | 6 | Oct 27, 2025 | 15 |
| -2.73% | Jan 20, 2026 | 1 | Jan 20, 2026 | 6 | Jan 28, 2026 | 7 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 4 assets, with an effective number of assets of 4.00, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| Benchmark | STRC | IBIT | SMH | QQQ | Portfolio | |
|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.40 | 0.48 | 0.80 | 0.95 | 0.80 |
| STRC | 0.40 | 1.00 | 0.48 | 0.41 | 0.43 | 0.58 |
| IBIT | 0.48 | 0.48 | 1.00 | 0.47 | 0.51 | 0.82 |
| SMH | 0.80 | 0.41 | 0.47 | 1.00 | 0.86 | 0.86 |
| QQQ | 0.95 | 0.43 | 0.51 | 0.86 | 1.00 | 0.85 |
| Portfolio | 0.80 | 0.58 | 0.82 | 0.86 | 0.85 | 1.00 |